Hi,
I’m wondering if anyone can help. My brother is setting up a busienss selling an item online which is VAT exempt. As the government website states, if you only sell VAT exempt items you can’t register to claim any VAT back.
We have established that the initial set up costs and first years annual costs (plus recurring monthly) such as accountants, IT software/hardware etc etc has a substantial VAT value (in the region of £1500-£2000). Is there any legitimate way around this rule on the business which would then allow voluntary registration and the ability to claim back this initial VAT and any other VAT charges on costs and services further down the line?
Regards,
Dave
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